Om Galaxy SME IPO
Om Galaxy IPO — date, price band, lot size & details 2026
Om Galaxy listed on 18 Sep 2026 at ₹90.2, 0.2% above the ₹90 issue price.
Om Galaxy Ltd designs and manufactures pipe fitting and industrial moulds, automotive moulds, Hot Runner Systems and cleaning products under its WONDRA brand, with 77 SKUs as on 30 June 2026. It runs seven manufacturing units in Maharashtra and had an order book of about Rs 94.42 crore.
Stock price
Om Galaxy is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 24 October.
- Open 10 Sep 2026
- Close 15 Sep 2026
- Allotment 16 Sep 2026
- Refund/credit 17 Sep 2026
- Listing 18 Sep 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 10 to 15 Sep, 2026 |
|---|---|
| Price Band | ₹85 – ₹90 |
| Face Value | ₹5 |
| Lot Size | 1600 Shares |
| Issue Size | ₹105 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE SME |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 2,88,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 1600 shares at the ₹90 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 3,200 | ₹2,88,000 |
| Retail (max) | 2 | 3,200 | ₹2,88,000 |
| HNI (min) | 3 | 4,800 | ₹4,32,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 8
- 01Profit has grown every year, from Rs 12.04 crore in FY2024 to Rs 15.92 crore in FY2025 and Rs 16.64 crore in FY2026.
- 02The margin is healthy for an engineering business, with a PAT margin of 13.42%, RoNW of 22.13% and RoCE of 20.39%.
- 03EBITDA improved from Rs 24.60 crore in FY2024 to Rs 32.82 crore in FY2026.
- 04The order book of about Rs 94.42 crore as on 30 June 2026 is large against total income of Rs 124.68 crore in FY2026, so a good part of the coming year is already booked.
- 05Making Hot Runner Systems in house lets it offer a complete moulding solution, which most standalone mould makers cannot.
- 06The product range is diversified across pipe fittings, industrial moulds, automotive moulds and cleaning products, with 77 SKUs under the WONDRA brand.
- 07It exports to North America, Asia and Africa alongside its Indian sales.
- 08Net worth has grown from Rs 49.89 crore in FY2024 to Rs 80.90 crore in FY2026.
Risks · 8
- 01Growth has slowed sharply. Total income rose 10% in FY2026 and profit after tax rose only 5%, from Rs 15.92 crore to Rs 16.64 crore.
- 02Borrowing went up about 50% in one year, from Rs 25.13 crore in FY2025 to Rs 37.79 crore in FY2026.
- 03All seven manufacturing units are in Maharashtra, so the company is concentrated in one state for its entire production.
- 04Moulds are capital goods. Customers buy them when they are expanding or launching a new product, so orders dry up quickly when customer capital spending slows.
- 05Rs 74.66 crore of the Rs 105 crore issue goes into a single new manufacturing unit meant to consolidate the existing ones. That is a large bet on one project, with execution risk and a gap before the new capacity earns.
- 06A large part of demand comes from the building materials trade, through pipes, fittings and sanitaryware, which follows the construction cycle.
- 07Promoter holding will come down from 100% to 65.56% after the issue.
- 08This is an SME issue. One lot is 1,600 shares, which is Rs 1.44 lakh at the upper band of Rs 90, and SME shares usually trade in low volume after listing.
Three years of numbers
All figures in ₹ crore, as reported in the Om Galaxy offer document.
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 175.31 | 142.81 | 117.49 |
| Total Income | 124.68 | 113.13 | 105.12 |
| Profit After Tax | 16.64 | 15.92 | 12.04 |
| EBITDA | 32.82 | 29.36 | 24.60 |
| NET Worth | 80.90 | 66.01 | 49.89 |
| Reserves and Surplus | 69.80 | 62.93 | 47.30 |
| Total Borrowing | 37.79 | 25.13 | 32.07 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Om Galaxy RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Om Galaxy IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹4.91 |
| P/E Ratio (x) | 18.33 |
| Market Cap at Offer Price (₹ Cr) | ₹305.01 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹90 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹88.66 Cr of the issue is earmarked to named objects.
About the company
Its range covers moulds for pipes and fittings, industrial moulds, automotive moulds, Hot Runner Systems and cleaning products. A Hot Runner System is the heated channel that carries molten plastic into the mould, and making these in house lets the company supply a complete moulding solution rather than only the tool. As on 30 June 2026 it had 77 SKUs under its brand WONDRA.
Its products are used in building materials such as pipes, fittings and sanitaryware, in plastics and polymer processing, in automotive and auto components, and in general industrial and engineering work. The company and its subsidiaries operate from Vasai in Palghar district and from Pune, both in Maharashtra, and it has seven manufacturing units, all in Maharashtra. Apart from selling in India it exports to North America, Asia and Africa. As on 30 June 2026 it had an order book of about Rs 94.42 crore.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
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The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Indorient Financial Services
4 issues handled (1 mainboard, 3 SME)Best listing: GSP Crop Science (+2.8%). Weakest: Digilogic Systems (-20.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Om Galaxy?
The current Grey Market Premium is ₹0.
What is the Om Galaxy IPO price band?
₹85 to ₹90, on a face value of ₹5.
When is the allotment?
The basis of allotment is 16 September 2026, with listing on 18 September 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
